Nevada Medical Cannabis News
Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
Las Vegas-based marijuana multistate operator Planet 13 Holdings says it recovered another $2.1 million in cash plus real estate as part of a dispute with a former banking partner it claims “embezzled money from” its accounts.
Workers at a PharmaCann cannabis cultivation facility voted to unionize. Meanwhile, retail and delivery employees at Ayr Wellness ratified a union contract.
Marijuana multistate operator Vireo Growth has received $75 million in equity financing and acquired four single-state operators as well as a delivery and analytics platform.
The deal flow moves fast on the MJBizCon exhibitor floor, provided you know where to look – specifically, the individual State Takeovers.
The number of active U.S. cannabis business licenses continued to decline through Q3 2024 as established market reductions outpaced emerging market growth.
Deep Roots Harvest has acquired fellow Nevada marijuana operator The Source in a deal that includes a portfolio of retail, distribution and cultivation assets in the state.
